erc_4626.vault_protocol.lagoon.vault

Documentation for eth_defi.erc_4626.vault_protocol.lagoon.vault Python module.

Vault adapter for Lagoon Finance protocol.

Notes on active Lagoon development:

Lagoon v0.5.0 changes to the original release

Affect the vault interactions greatlty
Vault initialisation parameters changed: fee registry and wrapped native token moved from parameters payload to constructor arguments
Beacon proxy replaced with BeaconProxyFactory.createVault() patterns
pendingSilo() accessor removed, now needs a direct storage slot read
safe() accessor added

How to detect version:

Call pendingSilo(): if reverts is a new version

How to get pendingSilo(): see eth_defi.lagoon.vault.LagoonVault.silo_address().

Lagoon error code translation.

See Codeslaw page to translate custome errors to human readable

Module Attributes

`DEFAULT_LAGOON_POST_VALUATION_GAS`	How much gas we use for valuation post
`DEFAULT_LAGOON_SETTLE_GAS`	How much gas we use for valuation post

Classes

`LagoonFlowManager`	Manage deposit/redemption queue for Lagoon.
`LagoonVault`	Python interface for interacting with Lagoon Finance vaults.
`LagoonVaultInfo`	Capture information about Lagoon vault deployment.
`LagoonVersion`	Figure out Lagoon version.

DEFAULT_LAGOON_POST_VALUATION_GAS = 500000: How much gas we use for valuation post

DEFAULT_LAGOON_SETTLE_GAS = 500000: How much gas we use for valuation post

class LagoonVaultInfo

Bases: eth_defi.vault.base.VaultInfo

Capture information about Lagoon vault deployment.

asset: eth_typing.evm.HexAddress: The ERC-20 token that nominates the vault assets

safe: eth_typing.evm.HexAddress: Lagoon vault deployment info

whitelistManager: eth_typing.evm.HexAddress: Lagoon vault deployment info

feeReceiver: eth_typing.evm.HexAddress: Lagoon vault deployment info

feeRegistry: eth_typing.evm.HexAddress: Lagoon vault deployment info

valuationManager: eth_typing.evm.HexAddress: Lagoon vault deployment info

address: eth_typing.evm.ChecksumAddress: Safe multisig core info

fallback_handler: eth_typing.evm.ChecksumAddress: Safe multisig core info

guard: eth_typing.evm.ChecksumAddress: Safe multisig core info

master_copy: eth_typing.evm.ChecksumAddress: Safe multisig core info

modules: list[eth_typing.evm.ChecksumAddress]: Safe multisig core info

nonce: int: Safe multisig core info

owners: list[eth_typing.evm.ChecksumAddress]: Safe multisig core info

threshold: int: Safe multisig core info

version: str: Safe multisig core info

__init__(*args, **kwargs)

__new__(**kwargs)

clear() → None. Remove all items from D.

copy() → a shallow copy of D

fromkeys(value=None, /): Create a new dictionary with keys from iterable and values set to value.

get(key, default=None, /): Return the value for key if key is in the dictionary, else default.

items() → a set-like object providing a view on D's items

keys() → a set-like object providing a view on D's keys

pop(k[, d]) → v, remove specified key and return the corresponding value.: If the key is not found, return the default if given; otherwise, raise a KeyError.

popitem()

Remove and return a (key, value) pair as a 2-tuple.

Pairs are returned in LIFO (last-in, first-out) order. Raises KeyError if the dict is empty.

setdefault(key, default=None, /)

Insert key with a value of default if key is not in the dictionary.

Return the value for key if key is in the dictionary, else default.

update([E, ]**F) → None. Update D from mapping/iterable E and F.: If E is present and has a .keys() method, then does: for k in E.keys(): D[k] = E[k] If E is present and lacks a .keys() method, then does: for k, v in E: D[k] = v In either case, this is followed by: for k in F: D[k] = F[k]

values() → an object providing a view on D's values

class LagoonVersion

Bases: enum.Enum

Figure out Lagoon version.

class LagoonVault

Bases: eth_defi.erc_7540.vault.ERC7540Vault

Python interface for interacting with Lagoon Finance vaults.

For information see VaultBase base class documentation.

Example vault: https://basescan.org/address/0x6a5ea384e394083149ce39db29d5787a658aa98a#readContract

Notes

Vault contract knows about Safe, Safe does not know about the Vault
Ok so for settlement you dont have to worry about this metric, the only thing you have to value is the assets inside the safe (what you currently have under management) and update the NAV of the vault by calling updateNewTotalAssets (ex: if you have 1M inside the vault and 500K pending deposit you only need to call updateTotalAssets with the 1M that are currently inside the safe). Then, to settle you just call settleDeposit and the vault calculate everything for you.
To monitor the pending deposits it’s a bit more complicated. You have to check the balanceOf the pendingSilo contract (0xAD1241Ba37ab07fFc5d38e006747F8b92BB217D5) in term of underlying (here USDC) for pending deposit and in term of shares (so the vault itself) for pending withdraw requests

Lagoon tokens can be in

Safe: Tradeable assets
Silo: pending deposits (USDC)
Vault: pending redemptions (USDC)
User wallets: after deposit() have been called share tokens are moved to the user wallet

Parameters

spec – Address must be Lagoon vault address (not Safe address)
trading_strategy_module_address –
TradingStrategyModuleV0 enabled on Safe for automated trading.

If not given, not known.
vault_abi –
ABI filename we use.

Lagoon has different versions.

None = autodetect.
default_block_identifier –
Override block identifier for on-chain metadata reads.

See ERC4626Vault for details.

__init__(web3, spec, trading_strategy_module_address=None, token_cache=None, vault_abi=None, features=None, default_block_identifier=None)

Parameters

spec (eth_defi.vault.base.VaultSpec) – Address must be Lagoon vault address (not Safe address)
trading_strategy_module_address (Optional[eth_typing.evm.HexAddress]) –
TradingStrategyModuleV0 enabled on Safe for automated trading.

If not given, not known.
vault_abi (str | None) –
ABI filename we use.

Lagoon has different versions.

None = autodetect.
default_block_identifier (Optional[Union[Literal['latest', 'earliest', 'pending', 'safe', 'finalized'], eth_typing.evm.BlockNumber, eth_typing.evm.Hash32, eth_typing.encoding.HexStr, int]]) –
Override block identifier for on-chain metadata reads.

See ERC4626Vault for details.
web3 (web3.main.Web3) –
token_cache (dict | None) –
features (set[eth_defi.erc_4626.core.ERC4626Feature]) –

fetch_version()

Figure out Lagoon version.

Poke the smart contract with probe functions to get version
Specifically call pendingSilo() that has been removed because the contract is too big
Our ABI definitions and callign conventions change between Lagoon versions

Return type: eth_defi.erc_4626.vault_protocol.lagoon.vault.LagoonVersion

fetch_trading_strategy_module_version()

“Perform deployed smart contract probing.

Returns

v0.1.0 or v0.1.1.

None if not TS module associated.

Return type

str | None

check_version_compatibility(): Throw if there is mismatch between ABI and contract exposed EVM calls

property version: eth_defi.erc_4626.vault_protocol.lagoon.vault.LagoonVersion

Get Lagoon version.

Cached property to avoid multiple calls

property trading_strategy_module_version: str

Get TradingStrategyModuleV0 contract ABI version.

Subject to change, development in progress

property vault_contract: web3.contract.contract.Contract: Get vault deployment.

has_block_range_event_support()

Does this vault support block range-based event queries for deposits and redemptions.

If not we use chain balance polling-based approach

has_deposit_distribution_to_all_positions()

Deposits go automatically to all open positions.

Deposits do not land into the vault as cash
Instead, smart contracts automatically increase all open positions
The behaviour of Velvet Capital

get_flow_manager()

Get flow manager to read indiviaul settle events.

Only supported if has_block_range_event_support() is True

Return type: eth_defi.erc_4626.vault_protocol.lagoon.vault.LagoonFlowManager

fetch_safe(address)

Use safe() property for cached access

Return type: safe_eth.safe.safe.Safe

fetch_vault_info()

Get all information we can extract from the vault smart contracts.

Return type: dict

fetch_info()

Use info() property for cached access.

Returns: See LagoonVaultInfo
Return type: eth_defi.erc_4626.vault_protocol.lagoon.vault.LagoonVaultInfo

property safe_address: eth_typing.evm.HexAddress: Get Safe multisig contract address

property safe: safe_eth.safe.safe.Safe

Get the underlying Safe object used as an API from safe-eth-py library.

Warps Safe Contract using Gnosis’s in-house library

property safe_contract: web3.contract.contract.Contract

Safe multisig as a contract.

Interact with Safe multisig ABI

property valuation_manager: eth_typing.evm.HexAddress: Valuation manager role on the vault.

property silo_address: eth_typing.evm.HexAddress

Pending Silo contract address.

Returns: Checksummed Silo contract addrewss “pendingSilo”.

property silo_contract: web3.contract.contract.Contract

Pending Silo contract.

This contract does not have any functionality, but stores deposits (pending USDC) and redemptions (pending share token)

transact_via_exec_module(func_call, value=0, operation=0)

Create a multisig transaction using a module.

Calls execTransactionFromModule on Gnosis Safe contract
Executes a transaction as a multisig
Mostly used for testing w/whitelist ignore

Warning

A special gas fix is needed, because eth_estimateGas seems to fail for these Gnosis Safe transactions.

Example:

# Then settle the valuation as the vault owner (Safe multisig) in this case
settle_call = vault.settle()
moduled_tx = vault.transact_through_module(settle_call)
tx_data = moduled_tx.build_transaction(
    {
        "from": asset_manager,
    }
)
# Normal estimate_gas does not give enough gas for
# Safe execTransactionFromModule() transaction for some reason
gnosis_gas_fix = 1_000_000
tx_data["gas"] = web3.eth.estimate_gas(tx_data) + gnosis_gas_fix
tx_hash = web3.eth.send_transaction(tx_data)
assert_execute_module_success(web3, tx_hash)

Parameters

func_call (web3.contract.contract.ContractFunction) – Bound smart contract function call
value (int) – ETH attached to the transaction
operation –
Gnosis enum.

Call = 0, DelegateCall = 1.

Return type

web3.contract.contract.ContractFunction

transact_via_trading_strategy_module(func_call, value=0, abi_version=None)

Create a Safe multisig transaction using TradingStrategyModuleV0.

Parameters

module – Deployed TradingStrategyModuleV0 contract that is enabled on Safe.
func_call (web3.contract.contract.ContractFunction) – Bound smart contract function call
abi_version (str) – Use specific TradingStrategyModuleV0 ABI version.
value (int) –

Returns

Bound Solidity functionc all you need to turn to a transaction

Return type

web3.contract.contract.ContractFunction

post_new_valuation(total_valuation)

Update the valuations of this vault.

Lagoon vault does not currently track individual positions, but takes a “total value” number
Updating this number also allows deposits and redemptions to proceed

Notes:

How can I post a valuation commitee update 1. as the valuationManager, call the function updateNewTotalAssets(_newTotalAssets) _newTotalAssets being expressed in underlying in its smallest unit for usdc, it would with its 6 decimals. Do not take into account requestDeposit and requestRedeem in your valuation

as the safe, call the function settleDeposit()

Parameters: total_valuation (decimal.Decimal) – The vault value nominated in denomination_token().
Returns: Bound contract function that can be turned to a transaction
Return type: web3.contract.contract.ContractFunction

settle_via_trading_strategy_module(valuation=None, abi_version=None)

Settle the new valuation and deposits.

settleDeposit will also settle the redeems request if possible. If there are enough assets in the safe it will settleRedeem It there are not enough assets, it will only settleDeposit.
if there is nothing to settle: no deposit and redeem requests you can still call settleDeposit/settleRedeem to validate the new nav
If there is not enough USDC to redeem, the transaction will revert

Parameters

abi_version (None) – Use specific ABI version.
raw_amount – Needed in Lagoon v0.5+
valuation (decimal.Decimal) –

Return type

web3.contract.contract.ContractFunction

post_valuation_and_settle(valuation, asset_manager, gas=1000000)

Do both new valuation and settle.

Quickhand method for asset_manager code
Only after this we can read back
Broadcasts two transactions and waits for the confirmation
If there is not enough USDC to redeem, the second transaction will fail with revert

Returns

The transaction hash of the settlement transaction

Parameters

valuation (decimal.Decimal) –
asset_manager (eth_typing.evm.HexAddress) –

Return type

hexbytes.main.HexBytes

request_deposit(depositor, raw_amount, check_allowance=True, check_balance=True)

Build a deposit transction.

Phase 1 of deposit before settlement
Used for testing
Must be approved() first
Uses the vault underlying token (USDC)

Note

Legacy. Use get_deposit_manager() instead.

Parameters

raw_amount (int) – Raw amount in underlying token
depositor (eth_typing.evm.HexAddress) –

Return type

web3.contract.contract.ContractFunction

finalise_deposit(depositor, raw_amount=None)

Move shares we received to the user wallet.

Phase 2 of deposit after settlement

Parameters

depositor (eth_typing.evm.HexAddress) –
raw_amount (int | None) –

Return type

web3.contract.contract.ContractFunction

request_redeem(depositor, raw_amount)

Build a redeem transction.

Phase 1 of redemption, before settlement
Used for testing
Sets up a redemption request for X shares

Parameters

raw_amount (int) – Raw amount in share token
depositor (eth_typing.evm.HexAddress) –

Return type

web3.contract.contract.ContractFunction

finalise_redeem(depositor, raw_amount=None)

Move redeemed assets to the user wallet.

Phase 2 of the redemption

Parameters

depositor (eth_typing.evm.HexAddress) –
raw_amount (int | None) –

Return type

web3.contract.contract.ContractFunction

get_management_fee(block_identifier)

Get Lagoon vault rates

Parameters: block_identifier (Union[Literal['latest', 'earliest', 'pending', 'safe', 'finalized'], eth_typing.evm.BlockNumber, eth_typing.evm.Hash32, eth_typing.encoding.HexStr, int]) –
Return type: float

get_performance_fee(block_identifier)

Get Lagoon vault rates

Parameters: block_identifier (Union[Literal['latest', 'earliest', 'pending', 'safe', 'finalized'], eth_typing.evm.BlockNumber, eth_typing.evm.Hash32, eth_typing.encoding.HexStr, int]) –
Return type: float

is_trading_strategy_module_enabled()

Check if TradingStrategyModuleV0 is enabled on the Safe multisig.

Return type: bool

get_deposit_manager()

Get deposit manager to deposit/redeem from the vault.

Return type: eth_defi.lagoon.deposit_redeem.ERC7540DepositManager

get_link(referral=None)

Get a link to the vault dashboard on its native site.

By default, give RouteScan link

Parameters: referral (str | None) – Optional referral code to append to the URL.
Returns: URL string
Return type: str

property address: eth_typing.evm.HexAddress: Get the vault smart contract address.

property chain_id: int: Chain this vault is on

property denomination_token: eth_defi.token.TokenDetails | None

Get the token which denominates the vault valuation

Used in deposits and redemptions
Used in NAV calculation
Used in profit benchmarks
Usually USDC

Returns

Token wrapper instance.

Maybe None for broken vaults like https://arbiscan.io/address/0x9d0fbc852deccb7dcdd6cb224fa7561efda74411#code

property deposit_manager: eth_defi.vault.deposit_redeem.VaultDepositManager: Deposit manager assocaited with this vault

property erc_7540: bool

Is this ERC-7540 vault with asynchronous deposits.

For example previewDeposit() function and other functions will revert

fetch_denomination_token()

Read denomination token from onchain.

Use denomination_token() for cached access.

Return type: eth_defi.token.TokenDetails | None

fetch_denomination_token_address()

Get the address for the denomination token.

Triggers RCP call

Return type: Optional[eth_typing.evm.HexAddress]

fetch_nav(block_identifier=None)

Fetch the most recent onchain NAV value.

In the case of Lagoon, this is the last value written in the contract with updateNewTotalAssets() and ` settleDeposit()`
TODO: updateNewTotalAssets() there is no way to read pending asset update on chain

Returns: Vault NAV, denominated in denomination_token()
Return type: decimal.Decimal

fetch_portfolio(universe, block_identifier=None, allow_fallback=True)

Read the current token balances of a vault.

SHould be supported by all implementations

Parameters

universe (eth_defi.vault.base.TradingUniverse) –
block_identifier (Optional[Union[Literal['latest', 'earliest', 'pending', 'safe', 'finalized'], eth_typing.evm.BlockNumber, eth_typing.evm.Hash32, eth_typing.encoding.HexStr, hexbytes.main.HexBytes, int]]) –
allow_fallback (bool) –

Return type

eth_defi.vault.base.VaultPortfolio

fetch_share_price(block_identifier)

Get the current share price.

Returns

The share price in underlying token.

If supply is zero return zero.

Parameters

block_identifier (Union[Literal['latest', 'earliest', 'pending', 'safe', 'finalized'], eth_typing.evm.BlockNumber, eth_typing.evm.Hash32, eth_typing.encoding.HexStr, hexbytes.main.HexBytes, int]) –

Return type

decimal.Decimal

fetch_share_token()

Read share token details onchain.

Use share_token() for cached access.

Return type: eth_defi.token.TokenDetails

fetch_share_token_address(block_identifier='latest')

Get share token of this vault.

Vault itself (ERC-4626)
share() accessor (ERc-7575)

Parameters: block_identifier (Union[Literal['latest', 'earliest', 'pending', 'safe', 'finalized'], eth_typing.evm.BlockNumber, eth_typing.evm.Hash32, eth_typing.encoding.HexStr, hexbytes.main.HexBytes, int]) –
Return type: eth_typing.evm.HexAddress

fetch_total_assets(block_identifier)

What is the total NAV of the vault.

Example:

assert vault.denomination_token.symbol == "USDC"
assert vault.share_token.symbol == "ipUSDCfusion"
assert vault.fetch_total_assets(block_identifier=test_block_number) == Decimal("1437072.77357")
assert vault.fetch_total_supply(block_identifier=test_block_number) == Decimal("1390401.22652875")

Parameters

Block number to read.

Use web3.eth.block_number for the last block.

Returns

The vault value in underlyinh token

Return type

decimal.Decimal | None

fetch_total_supply(block_identifier)

What is the current outstanding shares.

Example:

Parameters

Block number to read.

Use web3.eth.block_number for the last block.

Returns

The vault value in underlyinh token

Return type

decimal.Decimal

property flow_manager: eth_defi.vault.base.VaultFlowManager: Flow manager associated with this vault

get_deposit_fee(block_identifier)

Deposit fee is set to zero by default as vaults usually do not have deposit fees.

Internal: Use get_fee_data().

Parameters: block_identifier (Union[Literal['latest', 'earliest', 'pending', 'safe', 'finalized'], eth_typing.evm.BlockNumber, eth_typing.evm.Hash32, eth_typing.encoding.HexStr, int]) –
Return type: float | None

get_estimated_lock_up()

ERC-7540 vaults have always a lock up.

Return type: datetime.timedelta | None

get_fee_data()

Get fee data structure for this vault.

Raises: ValueError – In the case of broken or unimplemented fee reading methods in the smart contract
Return type: eth_defi.vault.fee.FeeData

get_fee_mode()

Get how this vault accounts its fees.

Return type: eth_defi.vault.fee.VaultFeeMode | None

get_flags()

Get various vault state flags from the smart contract.

Override to add status flags
Also add flags from our manual flag list in eth_defi.vault.flag

Returns

Flag set.

Do not modify in place.

Return type

set[eth_defi.vault.flag.VaultFlag]

get_historical_reader(stateful)

Get share price reader to fetch historical returns.

Parameters: stateful – If True, use a stateful reading strategy.
Returns: None if unsupported
Return type: eth_defi.vault.base.VaultHistoricalReader

get_notes()

Get a human readable message if we know somethign special is going on with this vault.

Return type: str | None

get_protocol_name()

Return the name of the vault protocol.

Return type: str

get_risk()

Get risk profile of this vault.

Return type: eth_defi.vault.risk.VaultTechnicalRisk | None

get_withdraw_fee(block_identifier)

Withdraw fee is set to zero by default as vaults usually do not have withdraw fees.

Internal: Use get_fee_data().

Parameters: block_identifier (Union[Literal['latest', 'earliest', 'pending', 'safe', 'finalized'], eth_typing.evm.BlockNumber, eth_typing.evm.Hash32, eth_typing.encoding.HexStr, int]) –
Return type: float

has_custom_fees()

Does this vault have custom fee structure reading methods.

Causes risk in the vault comparison.

E.g.

Withdraw fee
Deposit fee

Returns: True if custom fee reading methods are implemented
Return type: bool

property info: eth_defi.vault.base.VaultInfo

Get info dictionary related to this vault deployment.

Get cached data on the various vault parameters

Returns: Vault protocol specific information dictionary

is_valid()

Check if this vault is valid.

Call a known smart contract function to verify the function exists

Return type: bool

property name: str: Vault name.

property share_token: eth_defi.token.TokenDetails

ERC-20 that presents vault shares.

User gets shares on deposit and burns them on redemption

property symbol: str: Vault share token symbol

property underlying_token: eth_defi.token.TokenDetails: Alias for denomination_token()

first_seen_at_block: int | None

Block number hint when this vault was deployed.

Must be set externally, as because of shitty Ethereum RPC we cannot query this. Allows us to avoid unnecessary work when scanning historical price data.

class LagoonFlowManager

Bases: eth_defi.vault.base.VaultFlowManager

Manage deposit/redemption queue for Lagoon.

Lagoon uses ERC-7540 Asynchronous ERC-4626 Tokenized Vaults for deposits and redemptions flow

On the Lagoon flow:

Ok so for settlement you dont have to worry about this metric, the only thing you have to value is the assets inside the safe (what you currently have under management) and update the NAV of the vault by calling updateNewTotalAssets (ex: if you have 1M inside the vault and 500K pending deposit you only need to call updateTotalAssets with the 1M that are currently inside the safe). Then, to settle you just call settleDeposit and the vault calculate everything for you.

To monitor the pending deposits it’s a bit more complicated. You have to check the balanceOf the pendingSilo contract (0xAD1241Ba37ab07fFc5d38e006747F8b92BB217D5) in term of underlying (here USDC) for pending deposit and in term of shares (so the vault itself) for pending withdraw requests

__init__(vault)

Parameters: vault (eth_defi.erc_4626.vault_protocol.lagoon.vault.LagoonVault) –
Return type: None

fetch_pending_redemption(block_identifier)

Get how much users want to redeem from the vault.

Parameters

Returns

Number of share tokens the users want to redeem from the vault.

Shares must be valued separately.

Return type

decimal.Decimal

fetch_pending_deposit(block_identifier)

Get how much users want to redeem from the vault.

Parameters: block_identifier (Union[Literal['latest', 'earliest', 'pending', 'safe', 'finalized'], eth_typing.evm.BlockNumber, eth_typing.evm.Hash32, eth_typing.encoding.HexStr, int]) – Block number
Returns: Number of underlying tokens the users want to redeem from the vault.
Return type: decimal.Decimal

fetch_pending_deposit_events(range)

Read incoming pending deposits.

Parameters: range (Tuple[eth_typing.evm.BlockNumber, eth_typing.evm.BlockNumber]) –
Return type: None

fetch_pending_redemption_event(range)

Read outgoing pending withdraws.

Parameters: range (Tuple[eth_typing.evm.BlockNumber, eth_typing.evm.BlockNumber]) –
Return type: None

fetch_processed_deposit_event(range)

Read incoming pending deposits.

Parameters: range (Tuple[eth_typing.evm.BlockNumber, eth_typing.evm.BlockNumber]) –
Return type: None

fetch_processed_redemption_event(vault, range)

Read outgoing pending withdraws.

Parameters

vault (eth_defi.vault.base.VaultSpec) –
range (Tuple[eth_typing.evm.BlockNumber, eth_typing.evm.BlockNumber]) –

Return type

None

calculate_underlying_needed_for_redemptions(block_identifier)

How much underlying token (USDC) we are going to need on the next redemption cycle.

Returns: Raw token amount
Parameters: block_identifier (Union[Literal['latest', 'earliest', 'pending', 'safe', 'finalized'], eth_typing.evm.BlockNumber, eth_typing.evm.Hash32, eth_typing.encoding.HexStr, int]) –
Return type: decimal.Decimal

get_estimated_lock_up()

TODO: Add vault specific lock up period retrieval.

Return type: datetime.timedelta